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� �
<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> �� FOAM N0.720
<br /> � loan Number ...34208. .-"=. .188 1
<br /> .0 e..,,,,,
<br /> 77• 007129 MORTGAGE
<br /> THIS MORTGAGE, made and executed thie . _. ._ �day of sJ°''-�C.��"" A.D.,
<br /> 19�]7..,between the!�lortgagor, Laxry..I2....8aker .and 1Caren� I.. Baker,. husbsnsl..a.nd w3fe.
<br /> ........jaintly_.and_.e�ch..im..thei.r...awu. .r�81xt.__. __ __ _ _ _ _ _ .
<br /> of _ fiY5atld_I91�d_ _ _, County of �Lall_ _ __ , State of. N�bz'a,sks ,hereinafter referred
<br /> to ae the Bormwer, and the Mort�agre, FIRST FEDERAL SAVINC6 AND LOAN ASSOC'IAT1(JN OF
<br /> LINCOLN, 7235 "N" Street, Lincoln, Nebraska fiR5111, it� �ucceti�ors an�l a,eign�, hereinafter referred to
<br /> as Lender.
<br /> WITNESSETH: T}l8l Y}1(' said Bonower for and in concideration of th� �um o{ . THIRTY .FQUR TEIOLTSAND
<br /> __FIVF H�Jl�AAF.A.ANA NO/100----.-.--------------------I)ol7an (tJS �+ 34,500,00_ )
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, it, �ucc•e,son and a��igns; the
<br /> foAowing described propertv located in the County of _ �il _ , State of Nehraska:
<br /> Lot Thirty-five (35), in Western Heights Third :;ubdivision, Hal1 County, Nebraska.
<br /> Toc:eTx�s with all the improvement� now or hereatter erected on the pmperty, and all easements,
<br /> rights, appurtenance�:, rents, royalties, mineral, oil and gas righta and pmfits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached tti the property, all ot which, including replace-
<br /> ments and additions thereto, ahall be deemed to be and remain a part of the property covereci by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehuld estate in the event this
<br /> Mortgage ia on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower ie lawfully seised of the e�tate hereby conveyed and haF the right
<br /> to mortgaqe, grant and convey the Propert��, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all clai�ns and demand�+, subject to any
<br /> esaements and restrictione listed in a schedule of exceptions w coverage in any title insurance �wlicy in-
<br /> suring Lender'r interest in t.he Pru�rty, or (`?) attorney's opinian of title from abstract of title certified
<br /> by bonded abstracter.
<br /> Psovin�:n ALWAYS, and these prerent�; are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to�ay to the Lender, or order, the principal sum of T1i�K1Y FOfJIt '�Ei0USA2�IA
<br /> __ .FZV� �BEI2-.ATJA.NQL1.9Q--------.---------------.----T�llars (1'S w 34,500,00 )
<br /> payable as provided in a note executed and delivered, �•uncurrentl��hrrewith,thc�final paymt�nt ot{�rincipat,
<br /> if not sooner paid,on the ls.t day of'_ December , �c 2p06
<br /> Utvieoxn� Cuv�Nwx�t,. Burruwer and I.ender covenant and aKrre as fulluw.:
<br /> 1. P¢yment o4 Principal�►d latereet. Bormwer�hall prumptly �ay when due the principal of and in-
<br /> terest on the indebtedner,�evidenced by thr Note, prepayment and late char�eti as pruvided in the Note,
<br /> and the principxl of and interest on any Futurr Advance+aecurecl by this lfurt�a�e.
<br /> 2. Fund� tor Taxea and Iasuraaee. Subject to Lender'� optioa under para�raphs -} and :� hrmuf.Bor-
<br /> rower sha11 pa�� to Lender on the day monthh� installments of princ•ipal and interest are payahle under the
<br /> Note, until the Note is paid in full,a tium (herein "Fundr") cyual t�� onr-twelfth of th� �earh txxr•. an�i
<br /> assesements which may attain priority over this b1urtKage, and ground rent. on the Yroprrt�, if am {.du.
<br /> one-twelfth of yearl,y premium installments for hazard incurance, plus une-tw�-Ifth of yrarh• premium in-
<br /> etaliments for mort�age in�;urance, if any, all as re.xtionabl�• r�timatrd initialh and fr�xn timr tu time bp
<br /> L.ender on the basia of aHaesements and bills and reasonable estimatc�;therc��f. I.rnder tihall apNl��thr N'un�i�
<br /> to pa�• said tsxe�, asses�ments, insurance premium,and �;round rents. ].enler ,h�l! �naki• no <�har�;�<� for :=n
<br /> holding and applying the Futfdtt o� vetifying and comi�iling �aid acreF�me�nt� and hill�. Thr lw�nd�•r�hall
<br /> ' give to the Borrower, without charge,an annual accounting of t.he Funds Ehowing creditti and debit�;to the
<br /> FundR and the purpose for which each debit to the Funds was msde. The Funds arn ptedged AS additional
<br /> security for the euata eecured by this Mortgage. The Borrower agt+eeti that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender mav pay such iteme �
<br /> from ita own funda snd the Lender ahall noti be liable for interest or dividende un suc•h Fundc.
<br /> �,...,
<br /> If the amount of the Fuads held by I.enclez, together with the future nwnthly inwtallmenls of Funds �' �
<br /> � payable piior to t6e due dates of tises,areesmente, ineunnce pe�emiums and ground renta, Fhall exceed d�
<br /> the amount requised topa y e�id ta:ee, erennsnete,inaurance prna�uums and ground rent.�ax they fall due, ��s:
<br /> wch ezceas el+all be,at Borrower's optaott, either promptly repsid to Borrower or credited to Bormwer on `'�
<br /> i�wnthly inetalfinentac of Fu�a. If tFw a�wwnr Af rhP Fun�c F�J�1 hy I,r��r�hrll n�t tw.��Fr.•iNnt tn rn��
<br /> tazes, aeseasmeats, in�uratfce p�emiums and Rround rent,�ae they tall dur., Born�wer .hall �v tc� Lrndrr
<br /> any ae�x�uat aecewry to make up the�ioiency within thirty days after notice from Lender to Bormwer
<br /> roquestieBpa yment tl+eteo(. or Borrawer otfail, by an iect+eaee in rnonthly installmentw of Funda re�quired, "'"
<br /> repay tise deficiency witltie tl+e Fund acxountin6 pe��od.
<br /> Upon payrnee�t in ful!ot all su�u eecured by this Mortga�e,I.ender shall appt��Funds hetd a�a�•r<-dit
<br /> aqainet all sume due.
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